Volume 12, Number 07, April 2022

Implementing Blockchain Technology in Supply Chain Management

  Authors

Atul Anand¹, A Seetharaman² and K Maddulety¹, ¹SP Jain School of Global Management, India, ²SP Jain School of Global Management, Singapore

  Abstract

This paper is aimed at studying the factors influencing the implementation of blockchain in supply chain management to solve the current issues faced in the supply chain ecosystem. Supply chains are part and parcel of every business and have multiple inefficiencies in the system. Some of these inefficiencies can be managed by usage of blockchain Platform .Technology, intracompany synergies, intercompany collaboration, extrinsic factors, and innovation are critically evaluated for adoption of blockchain in supply chain. A pilot study is conducted in form survey for analysis of these factors. Hypotheses are derived for these factors for quantitative research. Subsequently these hypotheses are examined with the help of ADANCO2.3 for structural equation modelling. As an outcome, it is evident that Innovation and Extrinsic factors are significantly impacting the adoption of blockchain in supply chain management.

  Keywords

Blockchain technology, Supply chain management, Technology, smart contract, Intracompany synergies, Intercompany collaboration; Extrinsic Factors, Innovation.